Calling Penny Herscher . . .

“One of the key indicators of the health of a company is the quality, and stability, of senior management.” Penny Herscher, October 19, 2007.

Ms. Herscher wears many hats - CEO of First Rain and a director of Rambus Inc., for starters.

I ask - what does the turnover at Rambus Inc. tell you?

10/22/07 Resigned - John Danforth, Sr. Legal Advisor, former GC, Sr. VP & Sec.

1/18/07 Appointed - Martin Scott, Sr. VP Engineering – replacing Samir Patel

Unknown "Left" – Samir Patel, Engineering

11/9/06 Appointed - Thomas Lavelle, Sr. VP & GC

10/12/06 Appointed – David Shrigley, B of D

10/12/06 Appointed – Gary Bonner, Technical Director

10/4/06 Appointed – Mike Farmwald, Sr. Technical Director

8/13/06 Resigned - Geoff Tate, Director, former Chair B of D & CEO

7/27/06 Shuffle – John Danforth

7/14/06 Appointed - Penny Herscher to B of D

4/12/06 Appointed - Satish Rishi to CFO

4/**/06 Appointed – Joseph Curry, VP Corp Development

3/28/06 Appointed - Sunlin Chou to BOD

3/22/06 Resigned - Mark Pinto from B of D

3/6/06 Appointed - Mark Pinto to B of D

3/2/06 Resigned - Robert Eulau CFO & Sr. VP

3/88/06 Appointed – David Nguyen, VP Engineering

1/30/06 Appointed - Udo Meurle, Director, European Operation

7/14/05 Appointed - Eric Ries VP, Director Japan office

5/3/05 Appointed - Abraham Sofaer to B of D

3/15/05 Appointed - J. Thomas Bentley B of D

1/11/05 Shuffle - Geoff Tate from CEO to chair B of D

1/11/05 Shuffle – Harold Hughes from B of D to CEO

1/**/05 Appointed – Tim Messegee, VP Marketing

. . . the cobbler's kids have no shoes.